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#1109411 - 01/12/09 08:34 PM HELOC Statement
ahkcompliance Offline
Diamond Poster
Joined: Sep 2008
Posts: 2,474
Midwest
Can anyone tell me what is required for the back of a HELOC statment? Currently, we do not have anything and never been wrote up on it but I think we need something on the back of the statment.

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Lending Compliance
#1109557 - 01/12/09 10:09 PM Re: HELOC Statement ahkcompliance
OnTheEdge Offline
Diamond Poster
Joined: Apr 2002
Posts: 1,677
SmallTown, USA
If you are not including a Billing Rights notice with your HELOC stmts you should be sending an annual Billing Rights notice.
_________________________
The opinions expressed are mine and do not necessarily reflect those of my employer.

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#1109927 - 01/13/09 05:12 PM Re: HELOC Statement OnTheEdge
ahkcompliance Offline
Diamond Poster
Joined: Sep 2008
Posts: 2,474
Midwest
Thanks! I will check to see if we do that.

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#1109950 - 01/13/09 05:29 PM Re: HELOC Statement ahkcompliance
ahkcompliance Offline
Diamond Poster
Joined: Sep 2008
Posts: 2,474
Midwest
Do you have sample I could look at that you send to your clients?

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#1110262 - 01/13/09 09:36 PM Re: HELOC Statement ahkcompliance
OnTheEdge Offline
Diamond Poster
Joined: Apr 2002
Posts: 1,677
SmallTown, USA
We send an annual notice. Send me a PM with your email address, and I'll send you our notice.
_________________________
The opinions expressed are mine and do not necessarily reflect those of my employer.

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